Historic Multifamily with Five
For Sale
$2,995,000
816 Wesley Ave, Ocean City, NJ 08226
MULTI_FAMILY - Ocean City, NJ
Property Size5,694 SF
Price / SF$525.99
Days on Market83
Property Features for 816 Wesley Ave
General Information
Property type
Residential Multi Family
Property subtype
Single Family Attached
Standard status
Active
Size
5,694 SF
Listing Agency:
BHHS Fox & Roach 9th Street-Ocean City · Berkshire Hathaway HomeServices
(609) 399-0041
Listed By:
Mike Contino · License #SP0338620
(609) 335-9100
Added: May 22
Changed: Jul 23
Last Checked: Aug 12 at 2:06PM
MLS# 608134
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale multifamily property combines a historic Victorian single-family home with five additional apartments. The main home, built in 1891 and restored in 2019, offers 6 bedrooms and 3.5 baths with a wraparound front porch and period details such as extensive woodwork, original fixtures, a grand staircase, hardwood floors, and glass doorknobs. The interior also includes an updated eat-in kitchen with stainless steel appliances and granite countertops, along with a formal dining room and an elegant parlor with a piano. The property further features remodeled baths with custom tile, gas hot water baseboard heat, a tankless water heater, newer windows, and an all-new electric system.
The outdoor area includes a shaded entertaining space with a paved patio, plus a 2-car paver driveway and an enclosed outdoor shower. Investor-focused upside is supported by the provided unit breakdown and current rental information for all six units, including Rear Duplex G1 (1 bed/1 bath), Rear Duplex G2 (3 bed/1.5 bath), Apartment A (2 bed/1 bath), Apartment B (1 bed/1 bath), and Apartment C (efficiency). The remarks also note potential seasonal rental income exceeding $150,000 annually.
The outdoor area includes a shaded entertaining space with a paved patio, plus a 2-car paver driveway and an enclosed outdoor shower. Investor-focused upside is supported by the provided unit breakdown and current rental information for all six units, including Rear Duplex G1 (1 bed/1 bath), Rear Duplex G2 (3 bed/1.5 bath), Apartment A (2 bed/1 bath), Apartment B (1 bed/1 bath), and Apartment C (efficiency). The remarks also note potential seasonal rental income exceeding $150,000 annually.
Key Highlights
- Built in 1891, The Painted Lady (Thomas S. Simmons House) is a Victorian single‑family home with over 5,600 SF of living space
- 6 bedrooms and 3.5 baths in the main home, plus a wraparound front porch and vintage details including hardwood floors, grand staircase, and original fixtures
- Restored in 2019 with an updated eat‑in kitchen featuring stainless steel appliances, granite countertops, and a large center island
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
Explore this area
Business Placement
Demographics for 08226, NJ
11,229
Population
20,905
Households
0.5
Avg Household Size
57
Median Age
55%
College-Educated
97%
High-School Grad
6.8 sq mi
ZIP Area
1,651
Density / Sq Mi
$101,782
Median Household Income
$54,323
Median Earnings
$1,670
Median Rent
$719,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Victorian-era home plus five additional apartments, restored in 2019, offering multiple rental configurations.
Where is this apartment building located?
The property is located at 816 Wesley Ave Ocean City, NJ.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Built in 1891, The Painted Lady (Thomas S. Simmons House) is a Victorian single‑family home with over 5,600 SF of living space; 6 bedrooms and 3.5 baths in the main home, plus a wraparound front porch and vintage details including hardwood floors, grand staircase, and original fixtures; Restored in 2019 with an updated eat‑in kitchen featuring stainless steel appliances, granite countertops, and a large center island
